Guideline Value for SEETHALAI SATHANAR STREET (WARD -6)

Seethalai Sathanar Street (Ward -6) guideline value

The current guideline value of Seethalai Sathanar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Seethalai Sathanar Street (Ward -6) has changed

The guideline value for Seethalai Sathanar Street has undergone several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. In 2023, the value increased to Rs 1,200 per sq.ft, and currently, for the 2024 revision, the guideline value stands at Rs 1,320 per sq.ft. The changes between these revisions include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value of Seethalai Sathanar Street is above this median.

• Seerapuranam Street (N): Rs 1,320 per sq.ft (2024)
• Seevaga Chinthamani Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Seikizhar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• School Street (Ward -2): Rs 440 per sq.ft (2024)
• School Street (Ward -15): Rs 440 per sq.ft (2024)
• Selliamman Koil Street (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Seethalai Sathanar Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seethalai Sathanar Street (Ward -6)?

The Sub Registrar Office that covers Seethalai Sathanar Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Panangottur

The guideline value is a crucial factor during the registration of property transactions in Panangottur. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is documented at a legally recognized value.

When buying or selling property, the guideline value serves as a reference point for both parties involved. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Seethalai Sathanar Street (Ward -6)?

The current guideline value of Seethalai Sathanar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Seethalai Sathanar Street?

Seethalai Sathanar Street is classified as Residential Special Type - V.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for this street?

The Chengleput Joint II Sub Registrar Office handles registrations for Seethalai Sathanar Street (Ward -6), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.